$BTC Drops to Lowest Price Since 2024: What is the Best Bear Market Strategy?
Trading Perspective:
· Analyst claims to have shorted Bitcoin at $95K–$98K while others were predicting $200K–$500K.
· Bitcoin recently touched $75,500, marking a 22% drop from the short zone.
· Reported profits: +22% without leverage, ~100%+ with 5x leverage.
· Key chart patterns noted: Bear Flag Breakdown, H&S (Head & Shoulders) Failure, Lower Highs and Lower Lows.
Emphasized Strategy:
· Trade based on structure and technical analysis, not hype (“hopium”).
· Risk management is critical—use stop losses to protect capital.
· Always trade with a plan and manage risk.
· “Moon Boys” (overly bullish traders) often neglect risk management.
Final Advice:
· Take profits when setups play out.
· Always Do Your Own Research (DYOR).
· Not financial advice.